Bedlam Asset Management has taken around £1.2m across its three Dublin-listed Oeics since launch on ...
Bedlam Asset Management has taken around £1.2m across its three Dublin-listed Oeics since launch on 10 December 2002.
Having received final approval from the FSA, the group can take in direct subscriptions for its three existing equity Oeics and hopes to get its assets up to around £3m by the end of March. With £771,000 in assets under management at 23 January, the UK fund has taken the majority of inflows, followed by the £225,000 Emerging Markets and £210,000 Global portfolios.
With a charging structure based on performance, Bedlam's priority is to establish a strong track record on its existing funds, according to Charles Scott Plummer, sales director at the group.
The prime objective of all three Bedlam funds is to preserve capital and provide a return in excess of government bonds. The group's investment process is based on an evaluation of absolute business risk rather than in relation to indices and each fund will have no more than 40-45 stocks. Under Oeic rules, the funds can hold up to 60% in cash equivalents such as gilts or other bonds.
Bedlam's main selling point is the funds levy no fees unless they deliver positive returns of 1.25% a quarter. From 27 January, investors in Bedlam funds have been able to view all portfolio holdings via the group's website at www.bedlamplc.com. Stocks bought or sold on the portfolios will appear within 72 hours of the transaction, accompanied by the reason behind the decision.
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